The fall equinox could mark the fifth consecutive trend change for the S&P 500. Bitcoin futures at Bakkt open with Sun in Virgo, close with Sun in Libra.
Fair-Minded
By Susan Abbott Gidel
September 22, 2019
(All times Eastern)
When the Sun enters the sign of Libra at 3:50 am on Monday, September 23, the fall equinox officially arrives, bringing with it a sense of balance and fairness. The fall equinox also is one of 10 days each year that legendary trader W.D. Gann highlighted for a potential change of trend. Indeed, the S&P 500 has made a significant high or low within five days of each of the last four season changes. Will this be the fifth?
Note that the start to bitcoin futures at Bakkt begins at 8 pm Sunday, while the Sun is still in Virgo, ruled by the ruler of trading, Mercury. However, it’s first close will have the Sun in Libra, ruled by ruler of money, Venus. Straddling the fall equinox could mean that the contract comes on the board at what will later prove to be an extreme high or low.
Sunday’s astrological leftovers include having a good handle on the details, thanks to a square aspect between Mercury and Saturn.
Monday’s reports include:
- 3:15 am France PMI Composite Flash
- 3:30 am Germany PMI Composite Flash
- 4:00 pm Eurozone PMI Composite Flash
As always, please use protective buy and sell stops when trading futures and options.
Disclaimer: Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Any decision to purchase or sell as a result of the opinions expressed in the forum will be the full responsibility of the person(s) authorizing such transaction(s). BE ADVISED TO ALWAYS USE PROTECTIVE STOP LOSSES AND ALLOW FOR SLIPPAGE TO MANAGE YOUR TRADE(S) AS AN INVESTOR COULD LOSE ALL OR MORE THAN THEIR INITIAL INVESTMENT. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
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